With all due respect, this isn't remotely close to capitulation, my friend.

Capitulation will occur when the mere mention of the 'stock market' will cause friends to excuse themselves from the lunch table politely, and strangers to throw hot coffee in your face, as they choke back painful memories of recent portfolio devastation, having run completely out of faith in equities as a viable investment vehicle.

This market is trending down slowly, feels like an orderly decline. You need to see a 5%-10 + drop in a single week and volume through the roof to mark some kind of bottom, this hasnt happened yet.
Heard yesterday that 10% of s&p 500 stocks are down over 50%.